Bots Inc (BTZI)

[TheWords]

G rating line by line fact finding expose on this piece with a little preface to start it:

As I understand, a few bought Mcig when it had a 1B valuation with a 200k rev line. Not great entry for them, and was a time filled with hype about all MMJ companies. If you catered to MMJ then, you were a billion dollar idea, when in fact absolutely none of them became billion dollar companies to date (accept G* pha**).

Most MMJ co's have since failed from toxic debt, bad ideas, and poor execs since the EARLY days. Investors have more choices now and there are developing track records for some of these startups. Unless your in Biotec or growing, multiples have not been rewarded for companies servicing the industry.

Mcig is one of the oldest pub co's in a very young industry, has no debt and is operationally profitable. As many more companies enter regularly and trust has been eroded for older co's, the industry average has come down for the last two years to much more realistic valuations than early entrants came in at. As a side, New entrant co's (startups) take years to develop rev lines if ever.

Mcig went from a small rev line from vaporizers, to 4 revenue lines most of which are just coming on strongly now. They did almost 2m last year and have grown year over year consistently. Like Amaz**, people reward companies that keep pushing to increase revenue lines and small caps should act like the big caps, tossing lines that don't work. Few here seek, incorrectly, to punish companies for trying new lines of revenue and moving on to others in an emerging industry and fails to realize the lessons taught by trying and surviving.

Trying different possibilities is how Mcig arrived at 2m and Mcig has proven they are not afraid to try. Small companies should follow the best large caps advices and keep trying new rev lines and not bow to criticism for dumping non performing lines and execs.

The idea behind some arguments is to set a fear so far in advance and than keep repeating the rumor till eventually it is proved false and than find new ones along the way.

From the start of this piece, this post makes an interesting statement, which upon reflection is difficult to understand. Regardless, I will comment on the complete list as you read:

- "Paul likely Intentionally signed away the VitaStik trademark, its products, and intl distribution; like the letter dated February 2015 says."

** sure that makes incredible business sense to give stuff away in a pure socialist or communist idealism. Maybe in early china this would surely be interesting and normal.

** Another angle, Anyone with Adobe could have falsified those documents, however the conclusion that it was simply given away is difficult to fathom considering the company even denies the validity of the documents. Sure it is possible theoretically, but here is a fact that has been posed and ignored: Contacting VitaStik Germany, England, Asia and all others they confirm all royalties and contracts are with Mcig and even further say they don't acknowledge Al. yet here we are defending this statement it was "given away".

"At the end of the day, whether Paul was stupid enough to be duped or intentionally signed it away, the DEBACLE is that he failed to inform mcig/vtcq shareholders and consumers got stuck with an inferior, less healthy, PG laden vitaman thingy. Go MCIG!! BUY NOW!! Lost the trust of most people...just another notch on the FAILS and ZERO's that MCIG doesn't want to take ownership of. "

** Another theory emerges, Paul is stupid. Sure he might be, but not in this case. Infact, Santo* filed these documents 1 month after being fired. Documents look like forgery (lines on side of signature) and Mcig says these are not real. Why would Mcig, who can be held liable, say that these are not real? The coined "debacle" is just that, a fabrication on that has consistently been proven false by first common sense and than statements from multiple companies. As a shareholder, I am upset that Sant** pulled such a bogu* move. A possible and more logical theory, is Santo* was so upset after he was fired he tried to take the name and now has since failed and made no sales. Calling VitaSanto*, they are in a dermatology office with a fake English accent answering machine, and when we tried to make an order, we were told they are out of stock for 1,000 units and to send money and it would take a few weeks. His social media is nonexistent while every Mcig country has great social media. Hmmm things do...

"Like JSEE said, it's the least of shareholder/trader worries now anyway; since MCIG will sweep the DEBACLE under the rug."

** already prefacing an argument as failed and admitting it will never be a debacle is interesting approach by this author. Clearly this is already under the rug, yet this statement is here to keep the myth alive I guess

"Besides, Minority VTCQ GOT HOSED when they had no choice but to accept unwanted shares in a no name Pharmacy in FL. "

** Antiaging cream sales multiples are much higher than VitaCig sales. Real shareholders are waiting for info and only know brick and mortar 2m sales not online. Seems like a great deal at first glance for Mcig and Vtcq. Any conclusions here are premature yet how long can one perpetuate a myth till proven wrong? I guess when info is released, until then neither pro or con can jump up and down. Yet claims a foul in a regulated market. What is the proof? Most would agree that Vtcq should never have been spun off and here we are, it's back inside with a larger rev line at worst.

"And, of course, now, MCIG - the construction company who was actually trying to go away from being a master distributor (aka high volume, low cost, low margin reseller) buys back the operations and vitacig products at the expense of minority vtcq shareholders. I just love this company."

** model has been consistent for over a year. Correcting past mistakes is applaudable not wrong. Mcig Started as a vaporizer company and now has 4 strong revenue lines: CBD on-line sales, construction, VitaVig, and Vapolution. New brand Rollie's should contribute in a year. Sadly, when this company first went public they only had vaporizers and small small revenue. Why would an investor buy this when it was 1b market cap, and still have feelings now when it is much healthier and smarter buy? A floated theory to this phenomena continues

"Oh, and the delays. There have already been delays in construction (and the debacle with cannapo**). Guess Cannapo** failed to hold up their own end of the "deal" when they found out MCIG was full of gas?"

** construction is killing it. This is just 100% wrong with progress pictures to prove it! Now instead of sharing money with Cannapo** they take it all. Real shareholders love it and get it. Zero bad here. Mcig gave a timeline of revenues and took them 8 months to farm a great brand and revenue line. No chance to pour cold water here and servicing the industry with large contracts that carry 10plus% margins is huge. One large deal can beat all Mcig rev lines in past combined and profit. Who cannot like this?

"Oh....yay...a Green Leaf open house at the end of this month. I wonder if they will do a dog and pony show - showing an empty/gutted warehouse but fancy plans and architectural renderings. Didn't CAFS do that too? "

** Mcig offers proof of progress and invitation which is automatically met with cold water. Why be afraid to find out if Mcig is open to show what they like? So why should anyone believe anything about Mcig or waste time being positive or negative. Or bother to write at all right? Mcig unlike others can be held accountable for false statements. The fact they are willing to reach out to shareholders is good not negative. The rest?

"Rollies Delays. IMO, sort of a bait and switch routing. Soften the blow of the delay in Rollies by saying submitting a forward looking statement about Rollies Rolling Services. CLASSIC MCIG MO - BAIT AND NO EXECUTE IS ALIVE AND WELL. "

** Amazingly I endured 2 months of waiting for delay and now an actual deal occurred to service Dispesaries. Regardless most investor understands that new brands take time. The interesting part is they have been working to get into Cannabis for a long time so what reasonable investor really believes this is overnight sensation? Also amazing is the brand Rollies came from blanks which is in many Dispesaries so factually, not only do they have presales and Dispesaries, it occurred before the announcement even was made of Thc brand.

"MCIG IS THE BEST COMPANY AT BAIT AND NO EXECUTE. I admit they are very, very good at that - in FACT - EXCEL AT THAT CHARACTERISTIC"

** not true, In fact proof in this piece is they keep trying. Come on! Why not try? Amaz** does it and has no fear to toss it if it doesn't work. Why should any company not try new stuff? G*? Amaz**? Samsu**? Etc it's absolutely silly to ask Son* to go back and make vcr's or to complain apple never rebirthed the apple 2 plus or that oreas is a flop with their double stuff green. Keep trying and shedding lines that don't work Mcig!

"Many delays end up never coming to fruition for MCIG. Look at the list below. There were some complaints that the list was not long enough - so, feel free to submit a product/project and a date when it was announced (and failed). "

** MMJ industry is changing and so to should companies and reevaluate rev lines. The fact that executives are gone that failed shareholders is positive not negative. America has the most flexible employment laws to allow for firing execs that don't perform, this is not France, and leads to increased possibilities to try and try again. Companies work because of people not ideas. If the people fail move onto the next rev line.

"Some will try to say that MCIG has done shareholders a service by saying that MCIG fixed the problems. No, they had no choice but to abandon improperly executed plans. There's a difference. Think if Sno**'s Supercritical CO2 extractor really was the cat's meow. Wouldn't that have come into play for Green Leaf's extraction plans? Of course, they also blame other people for all of those "failures", right? Cannapod broke their end of the deal. Sno** is going bankrupt and didn't know what he was doing. No royalties in EU due to a Korean customs hiccup. "

** Sno** was not performer. Simple. "What ifs" are easier when business objectives are clarified: why make 20% making an extractor, servicing it, repairing it, developing next gen, etc etc if you can simply sell an extractor and make 20% with no risk. How smart is this model? Easier to believe good or easier to say failure? Why not toss Cannapods if it's your sales team and construction crew? Look at Goog** andro**, they don't bother with the hardware yet make great margin supporting Samsu**'s phones. Look at Appl* they changed the power cord to control their phone and profit better. Look at any major company, cutting out the middle man when you have the skills of sales and distribution is the name of the game. If people feel bad for Snody, go buy some knives, however the MMJ community has not heard a peep from his extractors and Cannapo** has yet to sell a CannaP**. However, Mcig has construction deals and has sold extractors in those packages. Shareholders applaud.

"No sirree, MCIG doesn't want to own their failures at all. But they are very, very good at bait and no execute. The BEST. "

** in fact Paul put out an unheard of apology for past mistakes. The letter was long and a wow factor! They own it and fired the execs. Mike said himself he is on the chopping block. Clearly a company explaining its mistakes and how they will fix it is "owning"up. How many people own up to their motivations and comments?

$0 NET PROFITS for Green Leaf Construction Project
0 = the number of contingencies and concessions that someone claimed wasn't in construction contracts!! WRONG!!

** dispelled in 3 separate releases by the company. PR, cc, and Rich**. Its profit PLUS documentary. This is just a lie! Contract says the same. This fabrication is much like the Santos scandal, no credibility and has Been dispelled multiple times but why does this keep coming up as if it's real?

0 The number of contracts that MCIG has provided of a .pdf to prove that there's $150,000 of potential revenues that MCIG can receive from Green Leaf for a fabricated "Phase II and Phase III" construction. Sorry, but the contract is a contract. The latest GL PR is not a contract.

** wrong and false and Proven by contract to be not true. This is just a lie. The PR clarifies the simple language in the contract. Multiple pr's and statements by both companies refute this. Here it is x3 on this report.

0 MJ License/Registration
0 MJ Dispensary Accounts
0 Rollies Sold
0 Rollies Rolling Services Sold

** they have a deal with dispensaries. Where is presales from this shrinking list? Infact the blanks brand is the predecessor to Rollies and has many dispensary clients. This is FALSE. Infact Rollies is an off shoot from Blanks. So by default they have been in Dispesaries before the announcement for Thc brand. Regardless, Vegas Dispesaries are like old mothers cupboard and need product. From calls, they are dying for any product. And anyone waiting for Rollies to impact CBD sales or construction will wait a long time. 1 year away before anything rev breaking.

0 Emotek Extractors Sold
0 Mike Snody CO2 Extractors Sold
0 Colorado Cultivation and Extraction Facility

** Sno** is no longer in MMJ industry. No performance but great name that Paul banked on and fired him finally. Better risk model to sell others extractors than sell subpar, service, design their own extractors. Why bother with Sno** design when there are great extractors offering large margins to sell theirs? 0


0 MadHatter Coffee and Tea Products Sold
0 MadHatter vape pens sold with CBD and THC

** check VitaCBD website. Coffee! And plenty of vape pens. Wrong!


0 THC Products developed by Emotek
0 THC products sold by E-MJ
0 Revenues = CAFS Where there were concessions and contingencies that results in $0 revenues.

** Santos fired, old news. Tried even to steal VitaStik name after fired. Bad actor. CAFS was bad relation glad Mcig broke away. Early relation. Look at Mcig look at CAFS. Why is this bad to break?


0 Large US Wholesale Distributors actually signed after saying it was "finalizing" a deal
0 The Current Number of US Wholesale Distributors
0 The Current Number of US Brick and Mortar Retail Stores
0 domestic commercials or videos for VitaCig Products

** Maur* fired. Who really believes he formed a team and 3 months later "resigned" because he was so successful? That is as they say LMAO Maur* was FIRED bad performance. Smaller companies need focused sales centers. Simple.

** The following final part is the authors "fail list" also is a cut and paste for months. No proof of any fail, only of a company that keeps trying. This should be applauded in light that year over year revenues are growing. Infact if you don't have flexibility in the ever changing MMJ world, you will be out of business like the rest. Mcig should keep trying and reevaluating lines like every major company in the world!

FAIL = The Doctors TV Show, 4/2016, https://www.youtube.com/watch?v=pDADbDqlcbo

- **proof of fail? No sense to this one, pretty cool pr.

FAIL = “Personal Cultivators”, 3/17/16

- **proof of fail? None still going

FAIL = Relaunch of domestic VitaCig Vitamin Vape, aka, VitaStik debacle where Paul intentionally sold VitaStik to Al Santos.

- **proof of fail? None infact VitaCBD is great site!

FAIL = Relaunch of Vapolution, 2/3/16

- **proof of fail? I haven't seen any evidence to this blanket statement

FAIL = CBD Globe Partnership, 9/28/15

- **proof of fail? none, Mcig is penalized for forming distribution deals? What sense is that?

FAIL = Mad Hatter Coffee & Tea Partnership, 9/23/15

- **check VitaCBD website. Coffee!

FAIL = Emotek Extractor Partnership, 9/23/15

- **Snod* not an MMJ guy. Buy a knife if you want to do business there

FAIL = Cannapods Partnership, 9/21/15

- **better to take 100% of your sales effort that 20%. Great deal! Moving on...

** the rest of these are so old, it's not even worth commenting on. Other than to say that Mcig tried, execs failed, they have been fired. Try try and try and you to can generate 2m in revenue is testament of hard work not "fail". How many times have all successful people failed? Many many

:
FAIL = JV Partnership , 9/9/15
FAIL = Buyout Partner, 9/9/15
FAIL = Bitcoin, July 2015
FAIL = Financing, July 2015
FAIL = Security Grade, 6/29/15
FAIL = MCIG Colorado Cultivation and Extraction Facility
FAIL = "Conservative $7-10 Million in Revenues"
FAIL = Protect VitaStik Trademark
FAIL = MCIG/VitaCig Hollywood Retail Store, 12/11/14
FAIL = Rick Ross, Ambassador, 6/24/14
FAIL = Bam Margera, Ambassador, 6/16/14
FAIL – Launch National Media Campaign, 5/20/14
FAIL = Ultrasonic Vape, 4/28/14, 7/8/15, 8/7/15
FAIL = LiqCig, vaping alcohol, April 2014
FAIL = Vapolution
FAIL = VitaStik Launch 1/2015
FAIL = MCIG/VitaCig Hollywood Retail Store, 12/11/14
FAIL = Vapolution Acquisition, 1/24/14

** Not every rev line has to win. They have enough winning lines for now. 4 in fact! Shouldn't every company dump bad ideas quickly? Yes!

**Seems people will complain that buggy whips was a failure when the car industry changed. Or complain that Motoro** should bring back the razor. Or for* should go back to the model T. Or Amaz** should get back into phones.

:
FAIL = Al Santos, CEO, 12/3/2014-7/8/15
FAIL = Maury Winnick, Interim CEO, 7/8/15-10/15/15
FAIL = Paul Rosenberg, CEO, 10/15/15-3/15/16
FAIL = Glenn Kassel, CEO, 3/15/16-6/9/16
FAIL? = Michael Hawkins, CEO, 6/9/16-?

** failed execs should be fired. Mike said on call he was on chopping block if he didn't perform. Why is this negative? Other than to say, I hope Mike is the man. Good military background, good credentials. Brings credibility.

RECYCLING OLD IDEAS TO BAIT AND STRING ALONG TRADERS/SHAREHOLDERS

** this is a recycled argument. Material events are good to announce even if they don't all pan out. Get nervous when no information or deals occur.

Extractors - table top extractors, CO2 Extractors, Emotek Extractors

** Snod* again?

Construction - the perfect vehicle for MCIG to bait with and string along shareholders.

** wrong. Great rev line, successful execution. Each new picture is new revenues. Watch the progress and count the dollars.

Colorado extraction and cultivation facility was the first FAILURE. Green Leaf Construction PER CONTRACT will result in $0 net profits. It's CRYSTAL CLEAR THAT Green Leaf will likely benefit MUCH MORE vs. MCIG - NOT EVEN CLOSE. It's being projected that GL will earn $16 MILLLION in PROFITS over 2 years AND RECURRING REVENUES FOR EACH MJ HARVEST OF BUD AND TRIM.

** this is probably a curious opinion. If a builder builds a building, than this author expects the builder to own a piece of the building? People unsatisfied with a 10% plus risk free return to service industry, he wants to own and run it also. People are upset that the contractors don't own what they are building. Hmmm in that case, every building in the world would be owned by the contractors. Maybe a lesson here is good. Contractors build for the owners. Simple.

What does MCIG get? $0 Net Profits and marketing credit. No joke, Marketing Credit!!
WRONG = no concessions or contingencies in construction contract
WRONG = $430,000 Marketing credit can be declared as profit

** wrong. This is just false. 3 times the company has repeated this is not true. Yet here it is again. Profits PLUS a documentary. Why is this so hard to accept?

WRONG = MCIG will get “up to 25%” royalties for overseas VitaStik branded sales. Try 0% considering Paul sold VitaStik trademark to Al Santos

** wrong Europe and confirm they don't acknowledge Santo*. If repetition of false statements made them true, this author would be onto something.

MCIG Positives
The best company, second to none, at BAIT and NO EXECUTE.

** conclusions should be clear. Old recycled news is not relevant today. Investors that bought with 200k rev at 1b valuation made a mistake on valuation during MMJ hype. A company does not fail for trying, they are rewarded just like Amazon. Mcig has guts to keep trying.

** 2m rev trailing line. 4 rev lines in expanding industry, with 5th developing. Only upside surprise with no debt risk. Operational profitability is rare in industry. Leadership strengthening. CBD sales and construction to service industry are strong investment themes and majority drivers. VitaCig and Vapolution have good upside potential and minimal cost. Rollies we wait